Barclays PLC Sells 180,000 Shares of MultiPlan Co. (NYSE:MPLN)

Barclays PLC lowered its position in shares of MultiPlan Co. (NYSE:MPLN) by 64.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the company’s stock after selling 180,000 shares during the quarter. Barclays PLC owned 0.62% of MultiPlan worth $1,478,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Beach Point Capital Management LP lifted its stake in shares of MultiPlan by 9.2% during the 4th quarter. Beach Point Capital Management LP now owns 384,982 shares of the company’s stock valued at $5,690,000 after buying an additional 32,582 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of MultiPlan in the fourth quarter valued at about $2,494,000. Geode Capital Management LLC boosted its stake in shares of MultiPlan by 17.3% in the fourth quarter. Geode Capital Management LLC now owns 67,615 shares of the company’s stock worth $1,000,000 after acquiring an additional 9,954 shares during the period. Empowered Funds LLC grew its position in shares of MultiPlan by 5.0% during the fourth quarter. Empowered Funds LLC now owns 46,191 shares of the company’s stock worth $683,000 after purchasing an additional 2,188 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in MultiPlan during the 4th quarter valued at approximately $610,000. 87.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Citigroup upped their price target on MultiPlan from $10.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 10th.

MultiPlan Stock Up 0.7 %

Shares of MPLN stock opened at $22.35 on Friday. The stock has a market cap of $361.42 million, a P/E ratio of -0.24 and a beta of 0.13. The company’s fifty day simple moving average is $20.63 and its two-hundred day simple moving average is $15.78. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 21.73. MultiPlan Co. has a 52 week low of $4.80 and a 52 week high of $31.01.

MultiPlan Company Profile

MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services.